Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson Sells 500 Shares of Stock

Roper Technologies Inc (NYSE:ROP) Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $360.33, for a total transaction of $180,165.00. Following the sale, the director now directly owns 8,580 shares in the company, valued at approximately $3,091,631.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

ROP opened at $351.76 on Wednesday. Roper Technologies Inc has a 12-month low of $245.59 and a 12-month high of $385.51. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $37.50 billion, a PE ratio of 27.98, a P/E/G ratio of 2.52 and a beta of 1.14. The firm has a 50 day moving average of $344.86 and a two-hundred day moving average of $356.45.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Thursday, October 24th. The industrial products company reported $3.29 EPS for the quarter, beating the consensus estimate of $3.19 by $0.10. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Roper Technologies had a net margin of 21.58% and a return on equity of 16.46%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.09 EPS. As a group, analysts predict that Roper Technologies Inc will post 13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be issued a dividend of $0.512 per share. This represents a $2.05 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Wednesday, January 8th. This is a boost from Roper Technologies’s previous quarterly dividend of $0.46. Roper Technologies’s dividend payout ratio (DPR) is 15.66%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $25,000. Captrust Financial Advisors raised its position in shares of Roper Technologies by 227.3% in the second quarter. Captrust Financial Advisors now owns 72 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 50 shares during the period. Coastal Investment Advisors Inc. acquired a new position in shares of Roper Technologies in the second quarter worth about $30,000. MUFG Americas Holdings Corp raised its position in shares of Roper Technologies by 83.0% in the second quarter. MUFG Americas Holdings Corp now owns 97 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 44 shares during the period. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $37,000. Institutional investors own 92.54% of the company’s stock.

ROP has been the subject of a number of research analyst reports. ValuEngine cut shares of Roper Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $291.00 to $298.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada set a $383.00 price objective on shares of Roper Technologies and gave the company a “buy” rating in a report on Friday, October 25th. Stephens set a $386.00 target price on Roper Technologies and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research lowered Roper Technologies from a “buy” rating to a “hold” rating and set a $394.00 target price for the company. in a research note on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $373.10.

About Roper Technologies

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. The company operates in four segments: Application Software; Network Software & Systems; Measurement & Analytical Solutions; and Process Technologies. It offers application management software, software-as-a-service applications, card systems/integrated security, toll and traffic systems, radio frequency identification card readers, and metering and remote monitoring products.

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